Home Ethereum Antivirus software company Norton now allows mining ETH via pool service

Antivirus software company Norton now allows mining ETH via pool service

4 min read
Comments Off on Antivirus software company Norton now allows mining ETH via pool service
20

NortonLifeLock, previously Symantec Company, has launched a brand new crypto product that permits customers to mine ether (ETH) from their private computer systems.

The product, Norton Crypto, is presently accessible to pick clients who use the corporate’s antivirus software program referred to as Norton 360. The general public launch of the product is predicted “in the coming weeks.

How does the product work? A crypto-mining software program is put in inside Norton 360, which permits customers to run it when their computer systems are idle.

Norton gives this product through its personal crypto mining pool, an organization spokesperson informed The Block. Which means Norton swimming pools customers collectively for better probabilities of mining an Ethereum block and getting and sharing rewards.

As with each mining pool, Norton prices a price for sharing these rewards, making a income stream for the corporate. Based on the phrases of Norton Crypto, the corporate charges 15% of rewards transferred to customers. Ethermine, one of many largest ETH mining swimming pools, however, charges only 1% fees.

Whereas the power to mine ETH from private computer systems appears easy and a good suggestion, it isn’t straightforward to earn rewards given Ethereum’s mining issue, which is presently at an all-time high, based on tracker Etherscan.

Norton itself has warned within the phrases of the product that rewards are usually not assured and it’s doable that customers might spend more cash on electrical energy and pc {hardware} than ETH reward earnings. To make sure, crypto mining consumes greater electrical energy, which is why the topic is commonly mentioned inside environmental circles.

As for {hardware}, customers of Norton Crypto should have a graphics card able to executing ETH mining calculations. These embrace Nvidia 1000, 2000, 3000 sequence playing cards, AMD 5000 and 6000 sequence playing cards, and others, the corporate spokesperson informed The Block.

Earned rewards will probably be periodically despatched to customers’ Norton Crypto Pockets, which is saved within the cloud to keep away from losses resulting from onerous drive failures, mentioned the spokesperson.

Whereas Norton is presently solely supporting ETH mining, the Nasdaq-listed Fortune 500 firm is “contemplating including respected cryptocurrencies sooner or later,” the spokesperson informed The Block.

© 2021 The Block Crypto, Inc. All Rights Reserved. This text is offered for informational functions solely. It’s not supplied or meant for use as authorized, tax, funding, monetary, or different recommendation.


Source link

Comments are closed.

Check Also

Can crypto currencies such as Ethereum disrupt business of banking?

What’s DeFi DeFi is brief for “decentralised finance”, an umbrella time period…